FB Financial Co. (NYSE:FBK) to Issue Dividend of $0.11

FB Financial Co. (NYSE:FBK) declared a dividend on Saturday, May 1st, investing.com reports. Investors of record on Monday, May 10th will be paid a dividend of 0.11 per share by the financial services provider on Monday, May 24th. This represents a yield of 1.03%. The ex-dividend date of this dividend is Friday, May 7th.

Shares of FBK opened at $41.96 on Friday. The stock’s 50 day moving average is $44.54 and its two-hundred day moving average is $37.66. The firm has a market cap of $1.99 billion, a P/E ratio of 33.30 and a beta of 1.27. FB Financial has a 12 month low of $17.80 and a 12 month high of $49.62.

FB Financial (NYSE:FBK) last posted its earnings results on Sunday, April 25th. The financial services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.26. FB Financial had a return on equity of 12.36% and a net margin of 7.27%. On average, analysts anticipate that FB Financial will post 2.96 earnings per share for the current fiscal year.

In related news, insider Wilburn J. Evans sold 3,132 shares of the company’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $41.11, for a total value of $128,756.52. Following the completion of the sale, the insider now directly owns 148,599 shares of the company’s stock, valued at approximately $6,108,904.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy L. Johnson sold 10,583 shares of the company’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $45.00, for a total value of $476,235.00. Insiders have sold a total of 15,215 shares of company stock valued at $670,317 over the last three months. 45.20% of the stock is currently owned by insiders.

A number of equities research analysts have commented on the company. Truist lifted their target price on FB Financial from $43.00 to $53.00 in a research report on Monday, March 8th. Zacks Investment Research downgraded FB Financial from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.40.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, and municipal and savings accounts; and time deposits and certificates of deposit.

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Dividend History for FB Financial (NYSE:FBK)

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